Don't give up on Deckers Outdoor (DECK) is the sanguine message of a cover story from Barron's. Though shares are off 30% YTD on revenue worries and steep sheepskin costs, the company sits debt-free and could generate $100M in free cash this year. Most important of all, fashion analysts aren't willing to sound the death knell for its signature Uggs line, and see products including a new line of Teva sandals, accessories, and outerwear resonating with global consumers. [View news story]
someone @barron has a long position and is waiting for the catalyst
Wedbush isn't waiting for Facebook's (FB) IPO to start coverage with an Outperform and $44 PT, well above its $28-$35 IPO range. The firms says it expects Facebook to take share from both offline and online advertisers, and thinks it will make the expanded use of Facebook Credits (currently dependent on Zynga and a few other game developers) a 2012 priority. The PT is based on 22x Wedbush's FY15 (!) EPS estimate of $2. [View news story]
revenues don't add up for this kind of valuation... moreover 2012 is was biggest growth in revenues.. can't extrapolate exponential earnings from that point forward... math doesn't add up. And 12% of revenue coming from Zynga.. what if Zynga starts their own platform? and still uses facebook sign in and offers the same features wherein you see ur friends online etc..
Advertising, there is context based advertising like Google which is what really drives business or commerce. Will wait and watch...
Need an example of why you should look under the hood when buying ETFs? Check out the iShares MSCI United Kingdom Index ETF (EWU). It appears to track the performance of the U.K. at large. So, with the kingdom in a double-dip recession, why is it up on the year? Simple; its largest holdings are made up of British companies that do most of their business offshore, with little to do with the local economy. [View news story]
It's well known fact that most of UK large cap companies revenues come from outside UK. FTSE 100 reflects the same thing.
Materials Prices Can't Keep Deckers Down Forever [View article]
We will have more clarity on April 26th. I expect some -ve news on this day, due to the fact that there was no guidance issued last earnings call. And I expect that guidance will be built into this seasons earning call.
Apple states on its FQ2 earnings call (webcast, live blog) its conservative FQ3 guidance was partly due to a 2.6M Q/Q increase in iPhone channel inventory. Its strong FQ2 gross margin is attributed to lower commodity costs (i.e. cheaper flash memory) and product mix (more iPhones). Tim Cook adds Apple won't follow Microsoft's (MSFT) lead in offering "converged" PC/tablet devices. iTunes revenue was $1.9B, +35% Y/Y. China revenue rose over 3x to $7.9B. AAPL +7.1% AH. [View news story]
Clearly China is the big contributor to AAPL Q2 earnings. A very big surprise indeed. Just proves how crazy this whole world is after apple products. iPhone in this case.. may be iPad in coming years.
Mark Cuban, who has called U.S. patent law "horrific," tells Forbes he bought a 7.4% stake in IP owner Vringo (VRNG +0.8%) as a hedge against the patent risk faced by other companies he has invested in. Vringo is in the process of merging with patent troll Innovate/Protect, which last year filed suit against Google, AOL, and others for alleged infringement. (also) [View news story]
The ISDA has, in fact, determined a "credit event has occurred with respect to Greece," and schedules an auction date of March 19 for the defaulted bonds to set the CDS payout price. (earlier) [View news story]
Did you lose money and have to pay out part of $3B?
The ISDA has, in fact, determined a "credit event has occurred with respect to Greece," and schedules an auction date of March 19 for the defaulted bonds to set the CDS payout price. (earlier) [View news story]
This was in the making, but recent weeks it wasn't that clear because of the stance ISDA members were taking and credit analyst expectations.
If you look at it, it merely caused $3B CDS payouts compared to raw Greece deal where private investors are taking more than $100B forced write down in lieu of new bonds with lower coupon but yield as high as 14% to 17% (when they start trading in secondary markets - causing further inherent write down of about 30% to 40% face value of new bonds).
Further more as Bill Gross said, it put permanent dent on sanctity of the Bond Contracts.
Insiders including the CEO have been selling shares at footwear purveyor Deckers Outdoor (DECK -5.7%), according to SEC filings. Shares hit a new 52-week low. [View news story]
Sam Poser @ Stern Agee is well respected on the street. Not sure what he is seeing in DECK. However I don't like the reasoning that he took action after insider trades were disclosed.
Insiders including the CEO have been selling shares at footwear purveyor Deckers Outdoor (DECK -5.7%), according to SEC filings. Shares hit a new 52-week low. [View news story]
Insiders including the CEO have been selling shares at footwear purveyor Deckers Outdoor (DECK -5.7%), according to SEC filings. Shares hit a new 52-week low. [View news story]
DECK received hefty price-target cut to $97 from $116 at Stifel Nicolaus Research - that could be the reason
Insiders including the CEO have been selling shares at footwear purveyor Deckers Outdoor (DECK -5.7%), according to SEC filings. Shares hit a new 52-week low. [View news story]
Moreover just looking at the history of insider trading, last year around the same time there were similar transactions done by all 5 personnel from the management on 03/01/2011. Sounds like tax related sell out, nothing to do with the company fundamentals.
Don't give up on Deckers Outdoor (DECK) is the sanguine message of a cover story from Barron's. Though shares are off 30% YTD on revenue worries and steep sheepskin costs, the company sits debt-free and could generate $100M in free cash this year. Most important of all, fashion analysts aren't willing to sound the death knell for its signature Uggs line, and see products including a new line of Teva sandals, accessories, and outerwear resonating with global consumers. [View news story]
Wedbush isn't waiting for Facebook's (FB) IPO to start coverage with an Outperform and $44 PT, well above its $28-$35 IPO range. The firms says it expects Facebook to take share from both offline and online advertisers, and thinks it will make the expanded use of Facebook Credits (currently dependent on Zynga and a few other game developers) a 2012 priority. The PT is based on 22x Wedbush's FY15 (!) EPS estimate of $2. [View news story]
Advertising, there is context based advertising like Google which is what really drives business or commerce. Will wait and watch...
Need an example of why you should look under the hood when buying ETFs? Check out the iShares MSCI United Kingdom Index ETF (EWU). It appears to track the performance of the U.K. at large. So, with the kingdom in a double-dip recession, why is it up on the year? Simple; its largest holdings are made up of British companies that do most of their business offshore, with little to do with the local economy. [View news story]
Materials Prices Can't Keep Deckers Down Forever [View article]
Deckers Outdoor (DECK): Q1 EPS of $0.20 misses by $0.05. Revenue of $246.3M (+20.2% Y/Y) in-line. Shares -18.6% AH. (PR) [View news story]
Materials Prices Can't Keep Deckers Down Forever [View article]
Apple states on its FQ2 earnings call (webcast, live blog) its conservative FQ3 guidance was partly due to a 2.6M Q/Q increase in iPhone channel inventory. Its strong FQ2 gross margin is attributed to lower commodity costs (i.e. cheaper flash memory) and product mix (more iPhones). Tim Cook adds Apple won't follow Microsoft's (MSFT) lead in offering "converged" PC/tablet devices. iTunes revenue was $1.9B, +35% Y/Y. China revenue rose over 3x to $7.9B. AAPL +7.1% AH. [View news story]
Mark Cuban, who has called U.S. patent law "horrific," tells Forbes he bought a 7.4% stake in IP owner Vringo (VRNG +0.8%) as a hedge against the patent risk faced by other companies he has invested in. Vringo is in the process of merging with patent troll Innovate/Protect, which last year filed suit against Google, AOL, and others for alleged infringement. (also) [View news story]
The ISDA has, in fact, determined a "credit event has occurred with respect to Greece," and schedules an auction date of March 19 for the defaulted bonds to set the CDS payout price. (earlier) [View news story]
The ISDA has, in fact, determined a "credit event has occurred with respect to Greece," and schedules an auction date of March 19 for the defaulted bonds to set the CDS payout price. (earlier) [View news story]
If you look at it, it merely caused $3B CDS payouts compared to raw Greece deal where private investors are taking more than $100B forced write down in lieu of new bonds with lower coupon but yield as high as 14% to 17% (when they start trading in secondary markets - causing further inherent write down of about 30% to 40% face value of new bonds).
Further more as Bill Gross said, it put permanent dent on sanctity of the Bond Contracts.
5 Names Primed For A Short Squeeze [View article]
Insiders including the CEO have been selling shares at footwear purveyor Deckers Outdoor (DECK -5.7%), according to SEC filings. Shares hit a new 52-week low. [View news story]
Insiders including the CEO have been selling shares at footwear purveyor Deckers Outdoor (DECK -5.7%), according to SEC filings. Shares hit a new 52-week low. [View news story]
Insiders including the CEO have been selling shares at footwear purveyor Deckers Outdoor (DECK -5.7%), according to SEC filings. Shares hit a new 52-week low. [View news story]
Insiders including the CEO have been selling shares at footwear purveyor Deckers Outdoor (DECK -5.7%), according to SEC filings. Shares hit a new 52-week low. [View news story]